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AG Growth reinstated with a Buy at TD Securities

TD Securities analyst Michael Tupholme reinstated coverage of AG Growth (AGGZF) with a Buy rating and C$41 price target after the company reported Q3 results following various filing delays and an Audit Committee review found no “material concerns” on key aspects of the company’s Brazil operations. Despite near-term agriculture market headwinds, we the firm views the medium-to-LT outlook as “favorable” and valuation as “attractive.”

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